Argentina's Privatization Program

Argentina's Privatization Program PDF Author: Myrna Alexander
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 26

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Argentina's Privatization Program

Argentina's Privatization Program PDF Author: Myrna Alexander
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 26

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Book Description


Argentina's Privatization Program

Argentina's Privatization Program PDF Author: Myrna Alexander
Publisher: Washington, D.C. : World Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 50

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Budget Issues

Budget Issues PDF Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 28

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Argentina Privatization Program

Argentina Privatization Program PDF Author: Hafeez Shaikh
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 210

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Privatization and Democracy in Argentina

Privatization and Democracy in Argentina PDF Author: M. Llanos
Publisher: Springer
ISBN: 023059607X
Category : Political Science
Languages : en
Pages : 232

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Book Description
A new appraisal of the relationship between the Presidency and Congress in Argentina over the first two decades of its democratic regime. Mariana Llanos uses the processes of privatization and state reform in Argentina to re-assess the performance, functions and stature of these institutions as the country embarked on the programme of change. A valuable contribution to the debate on the development of political institutions in Latin America.

Winners and Losers from Utility Privatization in Argentina

Winners and Losers from Utility Privatization in Argentina PDF Author: Omar Chisari
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The economic rates of return for utility privatization projects in Argentina are very high, whether or not distributional weights are considered. But there is a very high shadow price for regulatory activity, which tends to be ignored in most privatization exercises. And how serious a government is about the fair distribution of gains from reform is reflected in how serious it is about regulation. Chisari, Estache, and Romero assess the macroeconomic and distributional effects of the privatization that Argentina began in 1989 in gas, electricity, telecommunications, and water and sanitation. Using a computable general equilibrium model, they track the effects of the changes observed between 1993, the first year by which all the major privatizations had taken place, and 1995, the most recent year for which data are available. In an innovative use of the model, they also assess the importance of the regulator in determining the distribution of gains and losses from utility privatization among sectors and income groups. They conclude that when regulators are effective, the annual gains from the private operation of utilities are about $3.3 billion, or 1.25 percent of GDP, and that all income classes benefit. Ineffective regulation cuts the gains from the reform by $1 billion or 0.35 percent of GDP. This cut in gains represents an implicit tax of 16 percent on the average consumer, paid directly to the owner of the utility rather than to the government. For the poorest income classes, this implicit tax is about 20 percent, meaning that good regulation is in the interest of the poor. The authors also show that the privatization of utilities cannot be blamed for the significant increase in unemployment observed in Argentina since 1993. Effective regulation can lead to a decline in unemployment, and ineffective regulation leads to only a small increase in unemployment. But the gains from utility privatization were not sufficient to offset the negative efficiency and distributional impact on the economy of the Tequila effect, which increased unemployment dramatically by limiting access to credit for users and producers alike. This paper-a product of the Regulatory Reform and Private Enterprise Division, Economic Development Institute-is part of a larger effort in the institute to understand the importance of effective infrastructure regulation. The study was funded by the Bank's Research Support Budget under the research project "Efficiency and Equity Implications of Argentina's Privatization of Infrastructure Services" (RPO 680-85).

Foreign and Domestic Investment in Argentina

Foreign and Domestic Investment in Argentina PDF Author: Alison E. Post
Publisher:
ISBN: 9781139862349
Category : Investments, Foreign
Languages : en
Pages : 250

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Book Description
This book argues that for infrastructure privatization programs, differences in firm organizational structure explain the viability of privatization contracts in weak institutional environments.

Privatization

Privatization PDF Author: Ernst & Young LLP
Publisher: John Wiley & Sons
ISBN: 9780471593232
Category : Business & Economics
Languages : en
Pages : 214

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Book Description
Privatization is not just an economic buzzword. It stands forinvestment opportunities that have unlimited upside potential.Based on years of successful privatization consulting both here andabroad, Ernst & Young has created this definitive resource toexplain, through real-life case studies and detailed examples,everything necessary to locate desirable buys, assess risks andrewards and negotiate the most favorable deals.

Argentina's Privatization Programme

Argentina's Privatization Programme PDF Author:
Publisher:
ISBN:
Category : Government business enterprises
Languages : en
Pages : 84

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Privatization in Latin America

Privatization in Latin America PDF Author: Alberto Chong
Publisher: World Bank Publications
ISBN: 0821383507
Category : Business & Economics
Languages : en
Pages : 526

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Book Description
Privatization is under attack. Beginning in the 1980s, thousands of failing state-owned enterprises worldwide have been turned over to the private sector. But public opinion has turned against privatization. A large political backlash has been brewing for some time, infused by accusations of corruption, abuse of market power, and neglect of the poor. What is the real record of privatization and are the criticisms justified? 'Privatization in Latin America' evaluates the empirical evidence on privatization in a region that has witnessed an extensive decline in the state's share of production over the past 20 years. The book is a compilation of recent studies that provide a comprehensive analysis of the record of and accusations against privatization, with important recommendations for the future. Seven countries are investigated: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, and Peru. This book will be vital to anyone interested in the privatization debate but especially to those involved in civil service reform, corporate governance, economic policy, finance, and anticorruption efforts. 'Privatization is important but controversial. While economists typically favor it, others are skeptical. This book provides strong scientific evidence that privatization has been beneficial for many Latin American countries, although some privatizations failed and some groups in society lost out. As usual, the devil is in the details: how privatization is carried out and what reforms accompany it are crucial to its success. The book is definitely an invaluable contribution to the privatization debate.' --Oliver Hart, Andrew E. Furer Professor of Economics, Harvard University